Liabilities
|
Amount
|
Assets
|
Amount
|
Capital
A/cs
|
|
Cash
at Bank
|
4000
|
Anil
|
24000
|
Debtors
|
15000
|
Sunil
|
16000
|
Stock
|
23500
|
Trade
Creditors
|
26000
|
Furniture
|
5000
|
Anil’s
Loan A/c
|
6500
|
Building
|
25,000
|
|
72,500
|
|
72,500
|
Particulars
|
Amount
|
Amount
|
Particulars
|
Amount
|
Amount
|
To Stock A/c
[Reduction in Value]
|
|
1500
|
By Building A/c
[Appreciation in value)
|
|
3000
|
To R.D.D. A/c
(RDD created)
|
|
750
|
|
|
|
To Partners’ Capital A/c
|
|
|
|
|
|
Anil
|
500
|
|
|
|
|
Sunil
|
250
|
750
|
|
|
|
|
|
3000
|
|
|
3000
|
Particulars
|
Anil
|
Sunil
|
Ram
|
Particulars
|
Anil
|
Sunil
|
Ram
|
|
|
|
|
By Balance C/d
|
24000
|
16000
|
-
|
|
|
|
|
By Bank A/c
[Capital Contributed]
|
|
|
12000
|
|
|
|
|
By Goodwill A/c
[Transfer]
|
3000
|
1500
|
-
|
|
|
|
|
By Profit & Loss Adjustment
A/c
[Accumulated Profit]
|
500
|
250
|
-
|
To Balance c/d
|
27500
|
17750
|
12000
|
|
|
|
|
|
27500
|
17750
|
12000
|
|
27500
|
17750
|
12000
|
Liabilities
|
Amount
|
Amount
|
Assets
|
Amount
|
Amount
|
Trade Creditors
|
|
26000
|
Building
|
25000
|
|
Anil’s Loan
|
|
6500
|
Add: Appreciation
|
3000
|
28000
|
Partners’ Capital A/c
|
|
|
Furniture
|
|
5000
|
Anil
|
27500
|
|
Stock
|
23500
|
|
Sunil
|
17750
|
|
Less: Reduction in value
|
-1500
|
22000
|
Ram
|
12000
|
57250
|
Debtors
|
15000
|
|
|
|
|
Less: RDD @ 5%
|
750
|
14250
|
|
|
|
Cash at bank
|
|
16000
|
|
|
|
Goodwill
|
|
4500
|
|
|
89750
|
|
|
89750
|
Particulars
|
Amount
|
Particulars
|
Amount
|
To Anil’s Capital A/c
|
3000
|
|
|
To Sunil’s Capital A/c
|
1500
|
By Balance C/d
|
4500
|
|
4500
|
|
4500
|